The Bulk Carrier Orderbook

First, the good news...

Total deliveries into the dry bulk fleet for 2018 are currently marked at 29.9m dwt. This is the lowest level of newbuilding arrivals since 2006 and less than a third of the capacity added in the peak year of 2012, when deliveries totaled 96.7m dwt. It is also worth noting that deliveries this year are set to be 21% down on last year, which was already a 9 year low. For those who like their fleet expansion nice and slow, 2018 looks pretty promising.